What Makes a Successful Crypto - page 3.

doomistake

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Quote from: landoffaucets on November 08, 2019, 03:19:05 AM

And you forget about the community, community makes crypto really successful because without community you can have the best product in the market, but who cares when noone is using it?

Quote from: tk808 on August 28, 2019, 04:12:52 PM

2) Marketing, Community and Adoption

OP said it, loud and clear, it is you who forget to read his while post before pressing the "reply" button.

And even if he forget it to mention in his number 2 on his list, community would come automatically after marketing, because that is what marketing does, they promote the project to the people and the people will support it if they find it interesting and worthy.

btcdie

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before marketing, the more important thing I think is the idea or innovation of a project, and the quality of the products provided. I think a project that has a new innovation in the public, marketing is not too heavy and will boom by itself. point 1/2/3 is indeed very important for the project to run successfully, but in my opinion the quality of the product also needs to be improved. so it's not just investors, but token supplies will be commercially needed.

landoffaucets

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And you forget about the community, community makes crypto really successful because without community you can have the best product in the market, but who cares when noone is using it?

Coyster

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Quote from: [email protected] on November 07, 2019, 06:32:07 PM

This is true, but unfortunately there are very few projects that actually accomplish all of these points. That's why we have so few good projects and teams that are willing to put a lot of effort into the success of their project.

Thats if there is any actually, I think the major problem is that this project team and managers do not want a project that would grow steadily and rise as time goes on, they simply want to make money for themselves(alone).
I think that's why they just don't pay attention to any of this three key points listed in the OP, or if they do, it's just superficial, so they can use that trick to draw in investors and make an exit scam.

We need committed projects, managers(team), that would want to improve on the blockchain technology with their coin, not just about making money at the beginning, they must understand that if their product actually brings something wonderful to the blockchain technology, then they as well as their promoters and investors would earn alot from it.

CryptoVzla

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Im agree with your on number 2 , project without community or marketing is only dead project which only dev team inside,
but even you have much community on any socials media, without investor, the project wont go so far, like most project now day on telegram
to many dead project with huge community because lake of fund

barabarian1

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in my opinion components number 1 and 2 are the key to success of the crypto project. this technical ability can be realized by having a good manager and development team and also experienced. and the second factor is marketing. if the marketing of a project is good then the project can attract investors to be able to join the project and make a project successful. if the marketing is bad then the project will not get investors and will be a failed project because it does not have the capital to develop the project.

horrifiedx1

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Quote from: Rodeo02 on November 08, 2019, 02:39:04 AM

Quote from: [email protected] on November 07, 2019, 06:32:07 PM

This is true, but unfortunately there are very few projects that actually accomplish all of these points. That's why we have so few good projects and teams that are willing to put a lot of effort into the success of their project.

How i wish effort will be enough to make a successful project . A project with community support will be the best key if you want to your project to be successful . Even you have a good roadmap and plan if you dont have a community to support for the project all youve given effort can be wasted .

right, the bigger the community you have, the easier it will be to sell. besides that the interaction between the project team and the community must be maintained properly so that they can jointly build projects that are dreamed of together.

Rodeo02

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Quote from: [email protected] on November 07, 2019, 06:32:07 PM

This is true, but unfortunately there are very few projects that actually accomplish all of these points. That's why we have so few good projects and teams that are willing to put a lot of effort into the success of their project.

How i wish effort will be enough to make a successful project . A project with community support will be the best key if you want to your project to be successful . Even you have a good roadmap and plan if you dont have a community to support for the project all youve given effort can be wasted .

Bim abk

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Quote from: Ajibola123 on November 08, 2019, 02:28:34 AM

Also ability to stand the test of time coz most crypto has failed to that, constant innovation is also important, everybody want something new

many projects die because they stop to innovate, the viability of the project can continue when the innovation continues but some developers forget it which makes the project can reduce demand.

Ajibola123

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Also ability to stand the test of time coz most crypto has failed to that, constant innovation is also important, everybody want something new

huu78

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I agree with the important components that you mean. Many developer mistakes are just a money-raising fund for just listings on market exchanges so they can sell their own tokens this is usually the concept of a shitcoin that has existed since the popular ICO period. When in fact the most important thing is how to run their projects according to the written in the whitepaper and roadmap to run smoothly assisted by its compact community to support the supply and demand for the project.

lablab03

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Absolutely right. To make a successful project need a good team building also .because being professional dev is useless if you don't have a good team behind, what i mean knowledgeable also and those who always make an actions to resolve all the conflict. Because running a project isn't easy work indeed , which is it really needs a good team that will cooperate every time and really interested to see the project become successful in the future..

barnes13

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I totally agree with you, these three points are very helpful for projects that are still in the process of growing. Some projects often fail due to lack of marketing, neglected communities and underestimating partnerships. Moreover, the usability of their tokens as a utility to support their platforms is very unsatisfactory. I really hope for projects that want to come always pay attention to the points as mentioned in this thread.

rocku12345

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Quote from: dirgayeah on November 07, 2019, 07:18:06 PM

The vital point of that list you mentioned above are Marketing. And this are proven in any kind of business. It doesn't matter how good and strong your business, if it not have a good marketing, the failure percentage of that projects are huge. We can see almost giant technology firm are begin from good concept are Marketing with a poor financial exactly. So what make them success? Because of concept of project and marketing right?

Marketing is a good point but if in a real life you see a cool advertisement about some thing you always buy it ? No, so good project has to be delivered not only in a good "package" but with a real useful road map. Today I really can count a few of such projects which can be practically applicated in the next year.
Maybe BCH or Stablecoins are actually ready to be used among people. So don`t be so optimistic about just marketing today.

dirgayeah

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The vital point of that list you mentioned above are Marketing. And this are proven in any kind of business. It doesn't matter how good and strong your business if it not have a good marketing, the failure percentage of that project are huge. We can see almost giant technology firm are begin from good concept and Marketing with a poor financial exactly. So what makes them success? Because of concept of project and marketing right?

Shasha80

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It is true that the combination of these 3 components made the crypto projects successful. I also strongly agree with
point number 2, namely marketing, community and adoption. Most projects fail because these components fail to run
properly and correctly. The devepeloper projects do not understand how their projects are to be well known to people,
especially crypto community which plays an important role in the current market conditions.

[email protected]

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This is true, but unfortunately there are very few projects that actually accomplish all of these points. That's why we have so few good projects and teams that are willing to put a lot of effort into the success of their project.

Viscore

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Quote from: DabsPoorVersion on November 07, 2019, 06:47:09 AM

Quote from: Oneandpure on November 07, 2019, 06:30:16 AM

Quote from: red4slash on November 07, 2019, 06:13:57 AM

Quote from: Palider on November 07, 2019, 05:55:30 AM

We are seeing this again even in scam campaigns so it is difficult to believe today's ICOs. Maybe one of the things investors are looking for right now is a true company backed by real project and big names from various industries. Just like telegram and facebook!

So it's not surprising that these two big names are collect big money in their ICO campaigns.

partners become important for investors, because projects that have partners with high integrity will be easy to develop. so I think what you're saying is true, that investors are looking for projects that are familiar. and the developer has a good professional level

Partner become make investor interested with project investing, without have many good partner investor not invest with some project investing without have partner, when project get new partner price of their coin raise up but when partner have cut connection with investment project coin price will down, how team can get many partner to make their success in crypto.

Partnerships become the foundation of one project, it should be steady and should be some group or a company which is influential enough that will help to gather more investors. It is true that if the partners of a certain project will back out, it will bring a huge effect on the project. Its foundation will collapse and the project will most likely fail.

Yes. Once the whole foundation will be broken, of course it will give a negative effect on the project which will definitely frustrate the bounty hunters again. A good crypto project should always have a reliable team behind the project and that each team member is responsible enough to do his task. And that will give a great benefit to the success of the project.

abeecrypto

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Proof-of-Stake Blockchain Network

That is nicely put. And it is a good thing that the community and marketing thing is put in the middle because it connects investors to the progress of (1) and (3). In fact, (1) and (3) might not be as effective if (2) is not in good order.

doomistake

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Quote from: tk808 on August 28, 2019, 04:12:52 PM

There are 3 components that every good crypto project continues to improve on

1) Technical capabilities & Delivering on Technical goals
2) Marketing, Community and Adoption
3) Integration, Partnerships, Usability and Company Structure

From these 3 distinct categories, there's a whole infrastructure and sub-categories that can be stemmed. Ultimately, there are teams who solely focus on 1/3 areas and neglect the others; this is ultimately what we call shitcoins. Most top 50-100 coins have at least captured 2/3 of these areas, with only a select handful of gems attaining or about to attain all 3 levels of success.

Ultimately, every project I see can be defined by these basic and generic overview of essential capabilities I view. Again, I want to stress there are several areas to emphasize within these categories there are numerous of sub-categories, such as legality, financials, revenue, market share, competition and a whole host of other factors that make up any successful business

You should make it 4, and include "Consistency" on it, with only those three you have mentioned, it will not work if their team doesn't have the consistency to develop their coin (if they have the intent to do so) but I've notice that these so called good projects and mostly of the ICO now don't have any intention to make their project to last long, they just wanted to raise funds and enjoy spending that money while investors and bounty hunters are going to perish because of them.

Topic: What Makes a Successful Crypto - page 3. (Read 1289 times)